| U.S. session risk spreads look worse than the 24 hr sessions.
The spreads look similar to the SPY with a 3 day Island top currently trading into its averages. A couple non-correlated names like Square saw some inflows. Not interested in putting on any risk given the Dollar rally. The long-term Spu P&F will need a 2820 print before I’d consider risk assets. It’s a time to pare risk/ not add it unless you’re in love with the story. |
SPY…closing below 282 would signal more weakness

